Cambodia’s GDP is revised

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from the government’s original outlook of 7 per cent. Year-on-year garment export growth slowed from 22.8 per cent in the first quarter of the year to about 12.8 per cent in the second quarter. …

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